Sacramento County (Calif.) Employees' Retirement System committed $30 million, partially redeemed assets from another fund and put an investment strategy on watch, confirmed Steve Davis, chief investment officer for the $13 billion pension plan, in an email.
SCERS committed $30 million to LaSalle China Logistics Venture, a non-core real estate fund managed by LaSalle Investment Management.
The system also redeemed $3.8 million from its position within Atalaya Special Opportunities Fund VI, a U.S. distressed debt fund managed by Atalaya Capital Management. SCERS had roughly $15 million in the Atalaya fund as of Dec. 31. Mr. Davis said the redeemed capital will be used to fund future private equity commitments.
Lakewood Capital Partners also remains on watch for performance reasons. The hedge fund manages $56 million for the Sacramento system. A representative from Lakewood could not be immediately reached for comment.